Latest Income tax News from India

Find here below the latest income tax news from many sources....

1.

Taxability of non-resident: Yet another U-turn by CBDT

Economic Times - ‎Nov 13, 2009‎
Lately, the Central Board of Direct Taxes or CBDT (which is the highest ranking executive authority for income taxes in India) has withdrawn several of its ...


2.

Gold touches all-time high

Chandigarh Tribune - ‎Nov 7, 2009‎
Pooling of capital gains funds to buy a single property is a grey area and approval of the same would depend upon the Income Tax officer's discretion. ...

3.

IT dept plans to make names of habitual tax defaulters public

Financial Express - ‎Nov 8, 2009‎
New Delhi: Tax defaulters beware. The income tax department is considering publishing the names of habitual tax defaulters with large tax demands pending. ...


4.

How you can cut your tax liability

Rediff - ‎Oct 28, 2009‎
Certain investment options have been provided in the Income Tax Act, 1961, which, when exercised, can help in reducing tax liability. ...


5.

Loan puzzle

Calcutta Telegraph - ‎Nov 1, 2009‎
So, any income from investment of the gifted amount will be clubbed with your income and you shall have to pay income tax thereon. ...

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